The Global Cooled IR Camera Market is estimated to grow at a CAGR of 13.5% during the forecast period 2019-2026. As per the analysis, the Global Cooled IR Camera Market was valued at $242.7 million in the year 2018 and is estimated to reach $736.4 million by the end of the year 2026.

Infrared camera is a non-contacting device which detects infrared rays and converts them into electronic signals to produce the thermal image which is displayed on a monitor. Infrared cameras sense the heat which is measured and quantified for monitoring thermal performance and for identifying heat related issues. Especially in recent times the recent revolution is expected to give more cost-effective thermal analysis solutions, especially in detector technology with incorporation of built-in visual imaging with automatic functionality. As the Camera has long range imaging with highly sensitive FPA technology, these Cooled IR camera systems are used in long range imaging. Cooled IR camera system are cryogenically cooled and are kept in vacuum-sealed case. Cooled infrared cameras are hold an edge over thermal imaging cameras with uncooled detectors.

The Global Cooled IR Camera Market is driven by various growth factors such as due to increased usage of Infrared camera in security and surveillance application and quality control & inspection. Also, with increased popularity of cooled IR cameras in commercial application along with increase in short wave infrared range (SWIR) is expected to offer lucrative opportunities for the Global Cooled IR Market. Infrared cameras which are based on indium antimonide (InSb) sensors are being used in mid to high lever surveillance along with scientific and research where detection of wavelength-specific imaging is beneficial or very small temperature differences are monitored. Hence, due to favourable atmospheric transmission and high thermal sensitivity in spectral zone, the infrared cameras based on indium antimonide (InSb) sensors are adding to the growth of the Global Cooled IR Camera Market. Owing to manufacture of InSb focal planes is leading to use of infrared cameras ensuring wide broadband spectral. However high maintenance cost and acquisition cost could hamper the growth.

Segmentation Overview of the Global Cooled IR Camera Market

The Global Cooled IR Camera Market is segmented on the basis of Technology and End User. These segments are further categorized into various sub-segments to study the market in detail and analyse the overall market growth.

End Use Segment of the Global Cooled IR Camera Market is Sub-Segmented into:

Défense & military

Commercial surveillance

Industrial

Automotive

Others

Geographical Overview of the Global Cooled IR Camera Market

On the basis of geographical segmentation, Global Cooled IR Camera Market was studied across North America (U.S., Canada and Mexico); Europe (Germany, UK, Russia, France and Rest of Europe); Asia Pacific (China, India, Japan, Korea and Rest of Asia Pacific); LAMEA (Brazil, Saudi Arabia and Rest of LAMEA). As per the analysis, the North American Market is estimated to dominate the global market, owing to largest share holding of the U.S. in the global marketplace.

Key Players Insights

Leonardo DRS, Xenics, Lynred, FLIR System Inc., Lynred, FLIR System Inc., Hamamatsu Photonics, Global Sensor Technology Co., ltd., AIM Infrarot-Module GmbH, L3 Technologies, and Boston Electronics Corporation are some of the key players operating in the global cooled IR camera market. Owing to adoption of new strategies like new product development and launches, partnership, business expansion and collaboration.

We are the best market research reports provider in the industry. Report Ocean believe in providing the quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is “one-stop solution” for individuals, organizations, and industries that are looking for innovative market research reports.